The owner of Flame Towers, a complex of high-rise buildings in Baku, intends to administer new heights: he coordinated project to build a 50-storey business center on Heydar Aliyev Avenue.
According to the State Committee for Urban Planning and Architecture, Baku executive power allowed Ltd. Azinko Holding and Azvil Tikinti to build 3,000 m2 of a one-block 50-storey building. On the total area of the building not reported. For the construction of a building allocated 1 hectare of land on the address: Baku, Heydar Aliyev Avenue, 109.
The draft of the new business center was developed by "Mazeron Mimarlık Dekorasyon Tekstil TIC.A.S. (Turkey) and ARXIN-M LTD.
It should be noted that today the tallest building in Baku is one of the three towers Flame Towers - 190-meter 39-ing the building for offices and a hotel. The complex was built in 2007-2012 on the site of the former hotel "Moscow" Azerbaijani-Turkish company "DİA Holding" commissioned by the LLC "Azinko Holding".
Ltd. "Azinko Holding" was founded in 2006 and consists of five companies (housing cooperatives "KLASS AZ KO", "KHAZAR AZ KO", "SAHIL AZ CO, LLC AZ-INCO and LLC REGIONAL INSHAAT). Local media claim that the holding in Azerbaijan belongs to the ruling Aliev family. All companies have the same legal address – Baku, 3 Zarifa Aliyeva Street. The same address is shared by such famous companies as OOO "AZENCO Group", "Azerbaycan Senaye Banki", "Azerbaycan Senaye Sigorta" and others. ---- 08B
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